Liquidity has almost been absorbed from the green vector zone on the hourly timeframe. M formation will likely be the next move up to make a new high before coming down again. W formation is forming now at the 800 EMA.
Good Luck!
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So i am seeing on coin market cap that the bridge has frozen and has a ton of transactions backed up, i think this is because someone has been buying this token on sushiswap ETH for $0.70 cents and bridging to pancake swap BSC to sell for $2.34 and as soon as those transactions start going through again price will either sky rocket or go to zero. Sky rocket seems the most likely option
Trade closed: target reached
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Price targets for longs are now done, longs are still open from the entry point
I have now cancelled my longs for this as i am just waiting to see how things play out, something doesnt look right to me, i am still in a short trade from $3.23 so i will let that ride a bit, we could see it come to $1 yet as this move doesnt make much sense, Team have been inactive since November and CEO was arrested last year too. Keeping a close eye on the development
cryptopsycho1111
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I have noticed that this token is trading at $1.20 at this time on sushiswap and $2.30 across all other exchanges
Chartizar
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nice analysis, but i think we go to 2.04 before up
cryptopsycho1111
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@markduffhues, Yes i agree mate, anything between $2 and $2.20 is good for a long trade for me.